Canadian consumers rein in spending on telecom services: Conference Board report

OTTAWA - A sharp increase in telecommunications prices over the past year combined with slower economic growth are affecting Canadian consumers' ability to afford their current telecom services, according to The Conference Board of Canada.In the latest Outlook for Canada's Telecommunications Industry report, telecommunications industry revenues are forecast to increase by only 2.3% this year, the smallest increase since the 2009 recession, while the industry's GDP is expected to expand by less than 1%.The telecommunications price index rose by almost 5% in 2014, most likely driven by wireless price increases associated with the adoption of the CRTC's wireless code in...